Breaking Banks is a show exploring the FinTech evolution and disruption of banking. The FinTech space is one of the world’s fastest growing sectors today with estimates for investments made in 2014 ranging from $6-11Bn and for 2015 upwards of more than $20Bn. While New York and London are vying for the top spots, FinTech has become a truly global phenomenon from Hong Kong, to Sydney, to Kenya in Africa. This is the podcast documenting those changes and exploring the best of the best in FinTech globally.
In the last decade, the banking industry has experiences massive upheavals as a result of loss of trust, rapid consumer behavior shift, massive technological change and increasing government scrutiny. In 1472 Banco Monte dei Paschi di Siena opened its first branch. Since then “the bank” has been at the center of the way individuals in the community did banking – whether saving money, moving money around or requesting credit. But new technologies are changing the nature of community, investment, and transparency, and changing the nature of how we think about and handle money forever.